Gregory Orenstein Sells 448 Shares of nCino, Inc. (NASDAQ:NCNO) Stock

nCino, Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 448 shares of nCino stock in a transaction on Friday, October 11th. The shares were sold at an average price of $35.00, for a total transaction of $15,680.00. Following the completion of the sale, the chief financial officer now owns 276,892 shares of the company’s stock, valued at $9,691,220. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gregory Orenstein also recently made the following trade(s):

• On Monday, October 14th, Gregory Orenstein sold 3,885 shares of nCino stock. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25.
• On Monday, August 26th, Gregory Orenstein sold 553 shares of nCino stock. The stock was sold at an average price of $35.00, for a total transaction of $19,355.00.

nCino Stock Up 0.4 %

nCino stock opened at $36.22 on Friday. nCino, Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $37.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50-day simple moving average is $31.77 and its 200 day simple moving average is $31.57. The stock has a market cap of $4.17 billion, a PE ratio of -116.84, a price-to-earnings-growth ratio of 26.59 and a beta of 0.59.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million for the quarter, compared to the consensus estimate of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Research analysts predict that nCino, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of nCino by 3.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock worth $459,000 after buying an additional 508 shares during the last quarter. First Bank & Trust boosted its stake in nCino by 5.7% in the second quarter. First Bank & Trust now owns 10,188 shares of the company’s stock valued at $320,000 after acquiring an additional 546 shares during the last quarter. Covestor Ltd grew its position in shares of nCino by 29.6% during the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after acquiring an additional 625 shares during the period. Mesirow Institutional Investment Management Inc. increased its stake in shares of nCino by 6.1% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock worth $464,000 after purchasing an additional 719 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of nCino by 8.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock worth $377,000 after purchasing an additional 800 shares during the period. Institutional investors own 94.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NCNO. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of nCino in a research report on Wednesday, August 28th. Macquarie reaffirmed an “outperform” rating and set a $40.00 target price on shares of nCino in a research report on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and issued a $38.00 price target on shares of nCino in a research report on Wednesday, August 28th. Truist Financial restated a “buy” rating and set a $37.00 price target on shares of nCino in a research note on Wednesday, August 28th. Finally, JMP Securities reiterated a “market outperform” rating and set a $43.00 price objective on shares of nCino in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.18.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.